To some financial advisers, they will discourage you to acquire a mobile home because according to them it is not a good investment. Mobile homes quickly depreciate through time, and before you know it, it may cost way below its original price when you bought it. To some degree, it may be true that mobile homes can lose their value over the years and you can’t get back the whole of your investment if you decide to sell it.
Should you have not bought a mobile home, you must have spent all those years renting an apartment or a condo. Try computing your expenses in a condominium by multiplying the rent and the number of months you stayed there and compare it to the amount of the lease of the lot added to the acquisition cost of your prefabricated house minus the value of your house when you sell it. Probably, there may not be so much difference but for sure, living in a mobile home would have cost you less.
The way to increase the difference is to be able to increase the value of your mobile home when you decide to sell it, and you have all the leeway by doing the following.
A Well-Maintained Mobile Home Costs More
A prefabricated house that is good to look at from the outside and in the inside can well command a higher buying price than an old looking mobile house. Repaint your mobile home weeks before you take it for auction. Make sure that your kitchen, bathroom, and toilet tiles glisten and there should be no broken windows or malfunctioning doors.
Check out for leaking pipes and make sure that your toilet bowl or sink are not clogged. Lightings should be perfect in all areas with no wires hanging aimlessly from ceilings. There should be no defective handrails and stairs when your buyer comes in for the final inspection.
Home Improvements Add Value
Adding necessary home improvements will not only make your mobile home more comfortable to live in, but they make your home more functional. Maintain these home improvements so they will not be defective when your buyer comes to check them. An insulated mobile home will surely please prospective buyers. While an upgraded kitchen can be the selling point of the whole package.
Refurbished Fixtures Create a Pricey Feel
Reconditioning all your fixtures in your mobile home to look like they are brand new will produce a fresh atmosphere inside your manufactured home. With matching decorations, curtains, and blinds; your aim should be to impress every prospective used mobile home buyer by creating an environment that is simple and neat but fashionable and expensive.
A Managed Lawn Speaks Volumes
Your front lawn will be the first to greet your prospective buyer. A well-managed lawn or a landscaped front yard will give the first impression so you should spend time and effort to beautify and clean the surroundings. Inspect if there are pest dwellings and other eyesores in your yard. Who knows you can seal the deal with your prospective buyer not needing to have to enter your mobile home?
There are other factors that can affect the buying price of your mobile home. The location and amenities of the mobile home park where your mobile home stands are essential considerations for setting the buying price of your manufactured home. These, you cannot do something about. But at least, you have done what you ought to do.